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Stephenson Harwood advises Schroders on UK and South African ipo of new real estate investment trust

Law firm Stephenson Harwood LLP has advised Schroder European Real Estate Investment Trust PLC regarding its successful initial public offering on the main market of the London Stock Exchange and the main board of the Johannesburg Stock Exchange.

Managed by Schroder Real Estate Investment Management Ltd, part of FTSE 100 asset manager Schroders PLC, the new trust will invest in commercial real estate in Continental Europe and aims to provide shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth.

Stephenson Harwood advised on all the UK legal and regulatory issues regarding the transaction which, to its knowledge, is the first simultaneous listing of a fund on the UK and South African stock exchanges.

William Saunders, head of funds at Stephenson Harwood commented "We're delighted to have advised Schroders on this innovative listing. Schroders is a world renowned market leading asset management firm and we look forward to assisting Schroders on future deals."

The Stephenson Harwood team was led by corporate partner William Saunders. He was supported by corporate associates Alexa Whitehead, Victoria Silver and trainee Jessica Harris.